PETRONET LNG Short & Simple Short term Analysis✔✔
💢for risky players💢
enter @230-40 range
strict sl below 200🙏
trgt 258-275-300+🎯🎯
long 400+💰
is this Accumulation Or distribution?
🔹Fund houses/brokerage firms updating their trgt into 280-300-350 levels.
🔹Stock with good financial performance alongside good to expensive valuation.
🔹Strong Financial perfomance.
🔹Also the chart looks postive.
🔹Has been consolidating for the last 4 years.
✔197-202 is the major support level of the stock.
✔In the pademic crash the stock made a low of 170, 40% from jan high.chart below👇
✔Just 15% from it's major support(4 year support).👇
✔I am not saying 40% is small correction.yes it's a good correction.But we can see big rejection/wick candles in weekly time frame.that's why i feel it like an Accumulation.👇
I am not sure guys. I shared just my analysis✨
you can also share your views. Comment below✨
Anyway keeep watching
note this is not a stock recommendation Study then enter🙏
like💚comment💚support
enter @230-40 range
strict sl below 200🙏
trgt 258-275-300+🎯🎯
long 400+💰
is this Accumulation Or distribution?
🔹Fund houses/brokerage firms updating their trgt into 280-300-350 levels.
🔹Stock with good financial performance alongside good to expensive valuation.
🔹Strong Financial perfomance.
🔹Also the chart looks postive.
🔹Has been consolidating for the last 4 years.
✔197-202 is the major support level of the stock.
✔In the pademic crash the stock made a low of 170, 40% from jan high.chart below👇
✔Just 15% from it's major support(4 year support).👇
✔I am not saying 40% is small correction.yes it's a good correction.But we can see big rejection/wick candles in weekly time frame.that's why i feel it like an Accumulation.👇
I am not sure guys. I shared just my analysis✨
you can also share your views. Comment below✨
Anyway keeep watching
note this is not a stock recommendation Study then enter🙏
like💚comment💚support
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.